Category: Newswire

Valmet Automotive restarts car production today with strict safety measures

Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures

SK Telecom to supply car infotainment system to Volvo in S. Korea

SK Telecom Co. said Monday its car infotainment system will be installed in Volvo vehicles sold in South Korea.Under the partnership with Volvo Car Korea Co., the South Korean telecommunications firm will supply its in-vehicle infotainment (IVI) system and will cooperate to develop IVI-related technologies.In January, the company signed a partnership with China-based electric vehicle (EV) maker Byton to develop an IVI system.

Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership

– A new model of integrating connected vehicles, connected homes and connected customers is being developed – New, flexible platform designed to power a future digital mobility lifestyle – New global sustainability programme targets net zero carbon across Lotus operations LONDON, May 11, 2020 /PRNewswire/ — Centrica plc, the parent company of British Gas, and… Continue reading Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership

Haldex has Completed a Directed New Share Issue of Approx. 4.4 Million Shares to AMF Pensionsförsäkring and AFA Försäkring Raising Proceeds of Approx. SEK 157.2 Million

STOCKHOLM, May 11, 2020 /PRNewswire/ — The board of Haldex Aktiebolag (publ) (“Haldex” or the “Company”) has, pursuant to the authorization given at the annual general meeting 2019, resolved to issue a total of 4,421,597 new shares to AMF Pensionsförsäkring and AFA Försäkring. The new shares have been issued at a subscription price of SEK… Continue reading Haldex has Completed a Directed New Share Issue of Approx. 4.4 Million Shares to AMF Pensionsförsäkring and AFA Försäkring Raising Proceeds of Approx. SEK 157.2 Million

Haldex Reaches Agreement With Lenders and Intends to Carry Out a Directed New Share Issue to AMF Pensionsförsäkring and AFA Försäkring

STOCKHOLM, May 11, 2020 /PRNewswire/ — Haldex Aktiebolag (publ) (“Haldex” or the “Company”) has reached an agreement with the Company’s lenders including to extend the maturity of the existing syndicated credit facility of EUR 90 million and the existing short-term loan of SEK 270 million to April 2022 and to make certain adjustments to the… Continue reading Haldex Reaches Agreement With Lenders and Intends to Carry Out a Directed New Share Issue to AMF Pensionsförsäkring and AFA Försäkring

Lear Reports First Quarter 2020 Results

SOUTHFIELD, Mich., May 8, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2020.  First Quarter 2020 Highlights Sales of $4.5 billion, compared to $5.2 billion in the first quarter of 2019 Net income of $76 million and adjusted net income of… Continue reading Lear Reports First Quarter 2020 Results

BMW to invest $620m in Northeast China

The investment will be used to complete the main building of the new factory of BMW Brilliance Automotive (BBA), a joint venture between BMW Group and Brilliance China Automotive Holdings Ltd.BBA rolled its 3 millionth car, a plug-in hybrid, off the production line in Shenyang on Feb 27, after it resumed production in the city’s Tiexi and Dadong plants on Feb 17.Since the launch of BBA in 2003, BMW has invested over 52 billion yuan in Shenyang and completed the building of two vehicle factories, one powertrain plant and one research and development hub.